Thursday, February 23, 2017

Bitcoin Trend 24-02-2017

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Bitcoin price rallied upwards strongly yesterday and begins today with more bullish bias, to surpass the previously recorded historical high at 1163.00 and reach to 1200$ barrier now, which supports the continuation of the bullish trend on the long term basis, paving the way to head towards extend targets that reach to 1380.00.


Therefore, we will continue to suggest the bullish trend in the upcoming period, noting that breaking 1098.00 will stop the bullish rally and push the price to decline towards areas that start at 1000.00 before any new attempt to rise.

Expected trading range for today is between 1060.00 support and 1270.00 resistance
Expected trend for today: Bullish

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YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS 
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. 
 Do your own due diligence. 
No one knows tomorrow's price or circumstance. 
 I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. 
I do not accept responsibility for being incorrect in my speculations on market trend.